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News Release Information

15-1615-SAN
Wednesday, August 19, 2015

Contacts

Technical information:
Media contact:
  • (415) 625-2270

Consumer Price Index, Los Angeles area — July 2015

Area prices were up 0.7 percent over the past month, up 1.4 percent from a year ago

Prices in the Los Angeles area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), increased 0.7 percent in July, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Richard J. Holden noted that the July increase was influenced by higher prices for gasoline and shelter. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect seasonal influences.)

Over the last 12 months, the CPI-U increased 1.4 percent.  (See chart 1.) Energy prices decreased 3.6 percent, influenced by a decrease in the price of gasoline. The index for all items less food and energy advanced 1.8 percent since July 2014.

Food

Food prices increased 0.7 percent for the month of July. (See table 1.) Prices for food at home increased 1.1 percent, and prices for food away from home rose 0.2 percent for the same period.

Over the year, food prices advanced 1.8 percent. Prices for food away from home moved up 2.6 percent since a year ago, and prices for food at home rose 1.2 percent.

Energy

The energy index increased 6.7 percent over the month. The increase was mainly due to higher prices for gasoline (10.5 percent). Prices for electricity were unchanged, while prices for natural gas service moved down 0.2 percent in July.

Energy prices decreased 3.6 percent over the year, influenced by lower prices for gasoline (-2.0 percent). Prices paid for natural gas service dropped 10.5 percent, and prices for electricity decreased 4.3 percent percent during the past year.

All items less food and energy

The index for all items less food and energy edged up 0.1 percent in July. Higher prices for medical care (0.6 percent) and shelter (0.3 percent) were partially offset by lower prices for apparel (-1.6 percent) and household furnishings and operations (-0.5 percent).

Over the year, the index for all items less food and energy advanced 1.8 percent. Components contributing to the increase included shelter (3.6 percent) and medical care (1.9 percent). Partly offsetting the increases were price declines in apparel (-2.8 percent) and household furnishings and operations (-2.1 percent).

Table A. Los Angeles-Riverside-Orange County CPI-U monthly and annual percent changes (not seasonally adjusted)
Month201020112012201320142015
MonthlyAnnualMonthlyAnnualMonthlyAnnualMonthlyAnnualMonthlyAnnualMonthlyAnnual

January

0.41.80.91.80.82.10.82.00.50.8-0.3-0.1

February

0.01.40.52.30.52.10.72.20.50.50.70.1

March

0.41.91.13.01.02.00.11.30.61.01.00.5

April

0.21.90.53.30.01.5-0.40.90.01.4-0.10.5

May

0.21.80.03.10.11.60.11.00.41.71.01.1

June

-0.20.9-0.42.9-0.41.6-0.11.40.11.8-0.30.8

July

0.10.9-0.42.4-0.11.9-0.11.30.12.00.71.4

August

0.20.80.22.40.62.30.10.8-0.11.8  

September

-0.10.40.53.10.42.20.20.60.01.7  

October

0.30.70.02.80.83.00.1-0.1-0.11.4  

November

-0.40.7-0.13.0-1.02.1-0.50.4-0.71.3  

December

0.31.3-0.52.2-0.71.90.01.1-0.50.7  

The August 2015 Consumer Price Index for the Los Angeles-Riverside-Orange County is scheduled to be released on September 16, 2015.


Technical Note

The Consumer Price Index (CPI) is a measure of the average change in prices over time in a fixed market basket of goods and services. The Bureau of Labor Statistics publishes CPIs for two population groups: (1) a CPI for All Urban Consumers (CPI-U) which covers approximately 89 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 28 percent of the total population. The CPI-U includes, in addition to wage earners and clerical workers, groups such as professional, managerial, and technical workers, the self-employed, short-term workers, the unemployed, and retirees and others not in the labor force.

The CPI is based on prices of food, clothing, shelter, and fuels, transportation fares, charges for doctors' and dentists' services, drugs, and the other goods and services that people buy for day-to-day living. Each month, prices are collected in 87 urban areas across the country from about 6,000 housing units and approximately 24,000 retail establishments--department stores, supermarkets, hospitals, filling stations, and other types of stores and service establishments. All taxes directly associated with the purchase and use of items are included in the index.

The index measures price changes from a designated reference date (1982-84) that equals 100.0. An increase of 16.5 percent, for example, is shown as 116.5. This change can also be expressed in dollars as follows: the price of a base period "market basket" of goods and services in the CPI has risen from $10 in 1982-84 to $11.65. For further details see the CPI home page on the Internet at www.bls.gov/cpi and the BLS Handbook of Methods, Chapter 17, The Consumer Price Index, available on the Internet at www.bls.gov/opub/hom/homch17_a.htm.

In calculating the index, price changes for the various items in each location are averaged together with weights that represent their importance in the spending of the appropriate population group. Local data are then combined to obtain a U.S. city average. Because the sample size of a local area is smaller, the local area index is subject to substantially more sampling and other measurement error than the national index. In addition, local indexes are not adjusted for seasonal influences. As a result, local area indexes show greater volatility than the national index, although their long-term trends are quite similar. NOTE: Area indexes do not measure differences in the level of prices between cities; they only measure the average change in prices for each area since the base period.

The Los Angeles-Riverside-Orange County, CA. metropolitan area covered in this release is comprised of Los Angeles, Orange, Riverside, San Bernardino, and Ventura Counties in the State of California.

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: (202) 691-5200; Federal Relay Service: (800) 877-8339.

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods

Los Angeles-Riverside-Orange County, CA (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
May
2015
Jun.
2015
Jul.
2015
Jul.
2014
May
2015
Jun.
2015

Expenditure category

 
 

All items

246.093245.459247.0661.40.40.7

All items (1967=100)

727.069725.196729.944---

Food and beverages

247.443247.561249.2591.80.70.7

Food

247.421247.716249.5211.80.80.7

Food at home

255.264255.905258.7451.21.41.1

Food away from home

233.981233.832234.2952.60.10.2

Alcoholic beverages

232.811230.789231.1062.5-0.70.1

Housing

266.349266.760267.4872.40.40.3

Shelter

301.386302.387303.4243.60.70.3

Rent of primary residence (1)

314.721315.732316.9083.60.70.4

Owners' equiv. rent of residences (1) (2)

313.105314.233315.2543.40.70.3

Owners' equiv. rent of primary residence (1) (2)

313.094314.217315.2323.40.70.3

Fuels and utilities

298.753293.574294.852-3.5-1.30.4

Household energy

266.492259.449259.298-6.3-2.7-0.1

Energy services (1)

265.255258.160258.017-6.2-2.7-0.1

Electricity (1)

306.635290.713290.696-4.3-5.20.0

Utility (piped) gas service (1)

215.739223.994223.608-10.53.6-0.2

Household furnishings and operations

115.244115.807115.233-2.10.0-0.5

Apparel

110.471108.261106.516-2.8-3.6-1.6

Transportation

213.384208.484214.516-0.20.52.9

Private transportation

207.094202.136209.783-0.21.33.8

Motor fuel

300.219280.247309.603-2.13.110.5

Gasoline (all types)

293.976274.363303.245-2.03.210.5

Gasoline, unleaded regular (3)

295.729275.591305.141-2.13.210.7

Gasoline, unleaded midgrade (3) (4)

277.528261.374284.904-2.82.79.0

Gasoline, unleaded premium (3)

276.149258.768284.780-1.63.110.1

Medical care

421.132422.304424.6801.90.80.6

Recreation (5)

103.319104.313104.267-1.00.90.0

Education and communication (5)

146.251146.030146.4691.00.10.3

Other goods and services

380.934384.949384.5171.00.9-0.1
 

Commodity and service group

 
 

All items

246.093245.459247.0661.40.40.7

Commodities

180.690178.772181.321-0.10.31.4

Commodities less food & beverages

144.559141.852144.657-1.50.12.0

Nondurables less food & beverages

192.392186.845193.161-1.40.43.4

Durables

97.96397.95097.431-1.7-0.5-0.5

Services

303.635304.277304.9172.30.40.2
 

Special aggregate indexes

 
 

All items less medical care

238.232237.543239.1111.30.40.7

All items less shelter

222.010220.669222.5210.10.20.8

Commodities less food

148.562145.855148.602-1.30.01.9

Nondurables

221.551218.607222.8290.30.61.9

Nondurables less food

196.920191.542197.538-1.10.33.1

Services less rent of shelter (2)

315.533315.662315.7290.50.10.0

Services less medical care services

293.149293.747294.2822.40.40.2

Energy

288.555273.440291.646-3.61.16.7

All items less energy

244.912245.324245.7381.80.30.2

All items less food and energy

244.800245.236245.3941.80.20.1

Footnotes
(1) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(2) Index is on a December 1982=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) Indexes on a December 1997=100 base.
 

- Data not available
NOTE: Index applies to a month as a whole, not to any specific date.
 

 

Last Modified Date: Wednesday, August 19, 2015